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Enron had helped create the global market for energy-based derivatives -- customized risk-swapping contracts that enable companies to hedge their exposure to changing energy prices and supply fluctuations.
Yet the impact of a downgrade will be felt deeply in the multitrillion-dollar market in derivatives, which are financial contracts that enable banks and their clients to make bets based on the movements of things like stocks, bonds, currencies and interest rates.
This paper considers the development of appropriate contracts that enable market risks to be shared between the lead manufacturer and the partners.
One way to put off retirement is to obtain one of the emerging class of contracts that enable researchers to continue to work after retirement, assuming your institution offers them.
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Former Enron executives said that the men became close professionally when Mr. Pai helped Mr. Skilling develop the contracts that enabled Enron to trade natural gas and later, electricity.
Volcker properly required a Security Council resolution, which would presumably empower his panel to take sworn testimony and gain access to the U.N.'s corrupt contracts that enabled Saddam to build palaces instead of providing food to his people.
When the Detroit automakers secure two-tier contracts, that enables them to pay new hires $16 an hour, far less than the $28 an hour earned by longtime workers.
Wanfeng may have received some breaks on the way up: the company-produced video that describes its rapid ascent does not identify the early contracts that enabled Wanfeng to grow so fast, nor whether Wanfeng had insider connections to state-run companies in the motorcycle and car businesses.
It was Brown's large expiring contract that enabled the Lakers to obtain Gasol from Memphis.
In 1974, despite objections from the printers' union, he helped write a landmark contract that enabled the city's newspaper publishers to introduce "cold type," or computerized typesetting.
Under Mr. Freeman's proposal, the lucrative contract that enables Mr. Icahn to sell millions of dollars worth of T.W.A. tickets at steep discounts would be "retained but modified and extended".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com